Look Towards A New Future

Aug 12, 2012

Life Insurance in the Netherlands, Key Trends and Opportunities to 2016

The Dutch life insurance segment is the fifth largest in Europe in terms of gross written premiums. The life insurance segment holds the second-largest share of the country’s insurance industry, with 27.1% of the total gross written premiums in 2011. During the review period (2007–2011), the life insurance industry in the Netherlands went through some serious setbacks. Impacted by the global financial crisis in 2008, major insurers sought assistance from the Dutch government. The entry of bank savings products with the same tax advantages as insurance products also increased competition, putting pressure on the growth of life insurance products, especially unit-linked products. However, it is expected that the challenges facing the life insurance sector will encourage insurers to focus on minimizing costs to write new business and maximize cash-flow generation.


This report provides a comprehensive analysis of the life insurance market in the Netherlands:
  • It provides historical values for the Netherlands life insurance market for the report’s 2007–2011 review period and forecast figures for the 2012–2016 forecast period
  • It offers a detailed analysis of the key sub-segments in the Netherlands life insurance market, along with market forecasts until 2016
  • It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions
  • It analyses the various distribution channels for insurance products in the Netherlands
  • Using Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape in the Netherlands for life insurance business
  • It provides a detailed analysis of the reinsurance market in the Netherlands and its growth prospects
  • It profiles the top life insurance companies in the Netherlands and outlines the key regulations affecting them
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Report Details:

Published: August 2012
No. of Pages: 238
Price: Single User License: US$1950 Corporate User License: US$ 5850

Key highlights
  • The country’s aging population, reforms in pension law and insurer efforts to minimize cost and enhance efficiency in terms of writing new business are expected to drive Dutch life insurance segment growth over the forecast period (2012–2016).
  • During the review period, the aging population was an important driver for the Dutch life insurance segment, and this is expected to continue over the forecast period.
  • The financial crisis in late 2008 severely affected the life insurance business in the Netherlands and left major insurers receiving assistance from the Dutch government.
  • A significant decline in the sales of unit-linked products was recorded during the review period due to the deteriorating performance of the financial markets, coupled with controversy over the transparency of the life insurance industry’s cost structure.
  • Insurance brokers were the leading distribution channel in the life segment during the review period, followed by direct marketing and agencies. Despite the highly developed banking channel providing access to banks and internet banking facilities, insurance brokers drive the life insurance segment due to their first-hand knowledge of customer requirements.
  • The Netherlands life insurance industry is dominated by Nationale-Nederlanden Levensverzekering Maatschappij NV (NN) followed by Aegon Levensverzekering NV (Aegon) and SRLEV NV.
Reasons to buy
  • Make strategic business decisions using in depth historic and forecast market data related to the Netherlands life insurance market and each sector within it
  • Understand the demand-side dynamics, key market trends and growth opportunities within the Netherlands life insurance market
  • Assess the competitive dynamics in the life insurance market, along with the reinsurance segment
  • Identify the growth opportunities and market dynamics within key product categories
  • Gain insights into key regulations governing the Netherlands insurance market and its impact on companies and the market's future